Violation Tracker Individual Record

Company: 
BlueLinx Holdings Inc.
Current Parent Company: 
Cerberus Capital Management
Penalty: 
$265,000
Year: 
2016
Date: 
August 10, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

An Atlanta-based building products distributor agreed to pay $265,000 to settling allegations that it violated securities laws by using severance agreements that required outgoing employees to waive their rights to monetary recovery should they file a charge or complaint with the SEC or other federal agencies.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.